Terra Ecosystem Yield Protocol Retrograde to Launch in Two Phases Beginning May 2

The Terra ecosystem yield protocol Retrograde will be launched in two phases starting May 2nd with the distribution of $120 million $RETRO (12% of the total supply). The first phase is a RETRO-UST bootstrap campaign lasting 1 week, allowing users to deposit $UST and receive $RETRO tokens after 3 months, 10 million tokens (1% of the total supply) will be allocated in this phase. The second phase is the ASTRO / xASTRO acceleration campaign, which will start on May 9, 2022 and end on May 15, 2022, allowing users to deposit $ASTRO or xASTRO and then receive $RETRO, rexASTRO and LP tokens after 3 months. The rewards will be unlocked on August 15, 2022, 100 million tokens will be allocated in this phase. In addition, Retrograde plans to airdrop 1% of tokens (10 million) to users who participate in Astroport Launch, hold $ASTRO or provide ASTRO-UST liquidity at block height 7045697. The token airdrop will be conducted three months after Phase 1 and Phase 2 rewards become available, and priority will be given to users who participate in Phase 1 and Phase 2.
Source

Terra

DeFi

Airdrop

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